CAMBRICON POSTS 108% SURGE IN FIRST-HALF REVENUE AMID CHINA’S MASSIVE AI CHIP DRIVE
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| Source | Latest linked headline | Age |
|---|---|---|
| News - South China Morning Post | CAMBRICON POSTS 108% SURGE IN FIRST-HALF REVENUE AMID CHINA’S MASSIVE AI CHIP DRIVE | 44 mins ago |
WHAT HAPPENED
Chinese artificial intelligence (AI) chip giant Cambricon Technologies reported a 108 per cent surge in first-half revenue on Friday, as the firm capitalises on a massive domestic push to replace foreign AI hardware. The chipmaker’s revenue for the first six months of the year reached 6 billion yuan (US$890 million), while profits also jumped 122.6 per cent year on year to 2.3 billion yuan, according to a stock exchange filing.
News - South China Morning Post reports that chinese artificial intelligence (AI) chip giant Cambricon Technologies reported a 108 per cent surge in first-half revenue on Friday, as the firm capitalises on a massive domestic push to replace foreign AI hardware.
The report adds: The chipmaker’s revenue for the first six months of the year reached 6 billion yuan (US$890 million), while profits also jumped 122.6 per cent year on year to 2.3 billion yuan, according to a stock exchange filing.
In the second quarter, the firm’s revenue was 3.1 billion yuan, in...
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